Allen Konstam, Mark Drachman & Ira Chaimovits Acquire Hollywood Package Deal For $8M
SOLD
$3,700,000
Florida
See Similar Deals10,200 SF
Sold 03/18/2022
SOLD
Allen Konstam, Mark Drachman & Ira Chaimovits Acquire Hollywood Package Deal For $8M
1907 North Surf Road, Hollywood, Florida 33019, United States
See Similar Deals10,200 SF
Sold 03/18/2022
Summary
FLORIDA
Price Per Square Foot:$362
Total Square Footage:10,200 SF
Transaction Type:Sale
1907 N Surf Rd, located in Hollywood, was recently sold in a package deal. The property, spanning 10,200 square feet, was sold for a total of $8,000,000, resulting in a price per square foot of $784. The transaction took place on 03/15/2022.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $8,000,000
- Square Footage: 10,200
- Market: Hollywood
The buyers of the property were Allen Konstam, Mark Drachman, and Ira Chaimovits, who were represented by Condra Property Group. They successfully completed the package deal, acquiring the property for their investment portfolio. The transaction was facilitated by Mark Drachman, Allen Konstam, and Ira Chaimovits.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$197,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,145.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,539.89
Annual Debt Service$210,478.65
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